MONEY MASTER

Sunway shares edged higher following a strong first-quarter performance, though analysts remain cautious due to  rising cost pressures and limited near-term catalysts . Share Price Gains After Strong Headline Earnings Sunway’s stock rose  1.9% to RM5.34  in early trading, supported by: RM9.4 billion net profit  in 1QFY2026 8% revenue growth  to RM2.56 billion The earnings surge was largely driven by a  RM9.1 billion fair value gain  from the listing of  Sunway Healthcare . Core Growth Driven by Property and Construction Underlying fundamentals remain supported by: Strong  property sales momentum A sizeable  construction order book of RM8.2 billion Data centre projects accounting for ~64%  of outstanding jobs New contract wins of  RM3.6 billion in 1Q  already represent  60% of full-year targets , highlighting solid earnings visibility. Analysts Stay Cautious Despite Positive Outlook Consensus sentiment remains neutral:...

Quick Summary Wall Street tech stocks rebounded , led by Nvidia optimism Bursa Malaysia slipped for a second day , lagging regional peers Sunway’s Q4 net profit surged 50% despite revenue decline Ringgit strength seen as  manageable for export competitiveness Wall Street Recap: Tech Leads the Comeback US markets extended gains as tech stocks recovered from earlier AI-driven fears. Nasdaq:  +1.26% S&P 500:  +0.81% Dow Jones:  +0.63% The rally was driven by: Strength in enterprise software names like  Salesforce ,  IBM  and  Oracle Strong after-hours reaction to results from  NVIDIA   Investors are treating Nvidia’s demand guidance as the key signal for 2026 market direction. Bursa Malaysia: Still on the Back Foot FBM KLCI:  1,747.81 ( -0.35% ) Top Gainer:  PETDAG (+2.62%) Top Loser:  TM (-4.79%) USD/MYR:  3.891 Bursa ended lower for a second straight session as: US tariff uncertainties weighed on sentiment Regional...

Quick Summary Sunway Construction’s FY2025 net profit beat consensus by over 20% Shares climbed to a  new all-time high of RM6.57 Strong  data centre pipeline driving upside momentum 12 out of 15 analysts maintain a  ‘Buy’ recommendation Stock Surges on Strong Earnings Shares of  Sunway Construction Group Bhd  jumped to a record high on Tuesday after delivering  FY2025 earnings more than 20% above market expectations . Intraday high:  RM6.57 (+4%) Market cap:  RM8.6 billion YTD gain (2026): +14% Analysts swiftly raised earnings forecasts and target prices following the results. Data Centres: The Main Growth Engine The builder continues to benefit from Malaysia’s booming  data centre construction wave , driven by demand for: Advanced computing Artificial intelligence infrastructure According to Hong Leong Investment Bank: SunCon targets  RM6 billion in new job wins  this year Ongoing tenders could provide  further upside , espec...

Shares of  IJM Corporation Bhd  surged to a  four-month high  after  Sunway Bhd  unveiled a  cash-and-share acquisition proposal worth over RM11 billion , sparking optimism over valuation certainty and long-term strategic upside. What Happened IJM rose 6.9% (19 sen) to RM2.94 , its highest level since August The move values IJM at  RM10.7 billion Sunway shares slipped 2.1%  to RM5.48 following the announcement Under the proposed deal,  every 1,000 IJM shares  will be exchanged for: RM315 in cash 501 new Sunway shares  (valued at RM2,835) The offer values IJM at  RM3.15 per share , made up of  90% Sunway shares and 10% cash . Analysts: “Fair Offer, Acceptable Valuation” Research houses broadly view the voluntary takeover offer (VTO) as  fair and reasonable , recommending shareholders  accept the offer . Key analyst views: Valuation aligned with IJM’s historical forward P/E and near NAV Provides  price ce...

  Key Takeaways Wall Street rallies : S&P 500, Nasdaq, Dow & Russell 2000 all closed at fresh highs after Fed’s first rate cut since 2024. KLCI dips : Index fell  0.79% to 1,598.93 , staying below the 1,600 mark. Sunway deal : RM2.42B acquisition of MCL Land to expand regional property footprint. Glove sector pressure : China-backed capacity in Indonesia & Vietnam weighs on Malaysia’s exports. Ringgit outlook : Expected to end year at 4.10–4.15 vs USD. Wall Street Recap S&P 500  +0.5% , Nasdaq  +0.9% , Dow  +0.3% , Russell 2000  +2.5% . Fed cut benchmark rate to  4%-4.25% , signaling another  50 bps by year-end . Intel surged  22.8%  on Nvidia’s $5B investment; Nvidia rose  3.5% . Bursa Malaysia FBM KLCI  closed at  1,598.93 (-0.79%) , with mixed breadth (494 gainers vs 515 losers). Top gainer : MR DIY (+2.53%). Top loser : Nestlé (-2.96%). USD/MYR : 4.2035 (+0.18%). Sector Spotlight Gloves : Malaysia’s sha...

Sunway Bhd (KL:SUNWAY) and Singapore-listed Sing Holdings Ltd have emerged as the top bidders for a second residential site in Chuan Grove, Singapore, with an offer of  S$623.91 million (RM2.05 billion) . Key Developments Bid details:  The offer equates to  S$1,331 per sq ft per plot ratio , 2.9% above the second-highest bid at the Sept 4 tender close. Site capacity:  The 156,000 sq ft parcel can accommodate about  505 homes . JV structure:  A 35:65 joint venture (Sunway: Sing Holdings) will be appointed as the developer, pending regulatory approvals. URA approval:  Singapore’s Urban Redevelopment Authority retains the right to reject the highest or any bid. Expansion in Chuan Grove This marks the  second land win  for the JV in Chuan Grove after securing an adjacent parcel in July. The two sites will be amalgamated into a  1,055-unit integrated development  across five blocks. The project adds to Sunway’s Singapore pipeline of...

 Key Highlights Listing timeline:  Early 2026 on Bursa Malaysia Structure:  IPO of up to 1.97B shares (new + existing) Dividend-in-specie:  1 Sunway Healthcare Holdings (SHH) share for every 10 Sunway shares Ownership post-listing:  Sunway to retain  69.5% stake  in SHH Scale:  5 hospitals, 1,662 beds; targeted capacity of 3,400 beds by 2032 Corporate Restructuring & Shareholder Benefit Sunway Bhd (KL:SUNWAY) has unveiled long-awaited plans to list its healthcare subsidiary,  Sunway Healthcare Holdings Bhd (SHH) , by early 2026. Ahead of the IPO, SHH will execute a  1-for-9 share split , increasing its share base from 1.2B to 10.9B, without altering its RM2.2B valuation. SunCity, Sunway’s wholly-owned unit, will distribute SHH shares to Sunway as a  special dividend , which will then be passed on to Sunway shareholders. Each shareholder will receive  1 SHH share for every 10 Sunway shares held , effectively giving investors...

Foreign investors showed renewed interest in Malaysia’s transport sector last week, pumping  RM162 million into Westports Holdings (WPRTS) , even as overall foreign money continued to leave the market. Local retail investors, meanwhile, leaned heavily towards  Sunway Construction (SUNCON) , adding  RM55.8 million  to the stock. Key Flows Foreign Net Inflow:  RM162m into WPRTS; RM94.7m into Tenaga; RM75.3m into Gamuda. Foreign Exits:  RM46.4m out of Zetrix; RM44.8m out of KPJ Healthcare; RM40.9m out of Public Bank. Retail Favorites:  RM55.8m into SUNCON; RM44.9m into Maybank. Institutional Buys:  RM48m into KPJ Healthcare; RM39.3m into Alliance Bank (ABMB). Market Context Foreign Outflow:  RM89.9m overall last week (smaller than the RM206.1m the week before). Local Retail:  Third consecutive week of net buying at RM105.4m. Institutions:  Net sellers at -RM15.5m. Sector Moves:  Foreigners piled into  Transport & Logistic...

Sunway Construction (SUNCON) saw its stock tumble 18% before recovering, after news broke that one of its employees is under MACC investigation for alleged misconduct with subcontractors. While the case is still under investigation, it’s clear that  SUNCON is taking swift and transparent action: The employee has been suspended. SUNCON reaffirmed its  zero-tolerance stance  on bribery and corruption. The firm holds  ISO 37001:2016 Anti-Bribery certification  and complies with  MACC Act Section 17A . Impact on valuation:  Kenanga removed the 5% ESG premium, revising the target price to RM5.66 (from RM5.94), but maintains a  “Market Perform”  rating. Why it matters:  ESG isn’t just a checkbox—this case is a  real-world stress test . SUNCON's robust compliance framework might be its shield, but it also highlights that  integrity culture must go beyond policies .

截至7月18日这一周，马股迎来剧烈资金流动，各路玩家“买啥卖啥”，全都曝光！ 外资持续调仓，但锁定“基建新宠” 🔝  外资净买入榜 TOP 3： 1️⃣  Gamuda  💰 RM153.7M 2️⃣  Sunway  💰 RM103.6M 3️⃣  Westports  💰 RM88.2M   解读：  外资加码建筑和物流股，似乎在为潜在贸易战做“对冲”准备，基建项目成为避风港。 本地散户“扫银行”模式启动！ 散户净买入榜 TOP 3： 1️⃣  Maybank  💰 RM95.8M 2️⃣  CIMB  💰 RM66.6M 3️⃣  RHB Bank  💰 RM63.3M 解读：  散户涌向银行板块，押注马股反弹+高息防御。也有散户开始追踪AI概念股 Zetrix（+RM27.4M）。 本地机构转向防守策略   机构净买入榜： CIMB：RM56.6M PBBank：RM47.5M Sime Darby Prop：RM33.7M 但同时也在卖出： Maybank：-RM103.1M Gamuda：-RM102.8M WPRTS：-RM87.0M 解读：  机构两面出招——加码防守型金融股，同时调低建筑与物流配置。 资金博弈背后的四大风险 1️⃣  美方8月新关税恐将波及马来西亚建筑与科技板块 2️⃣  英美通胀不降，可能延迟全球降息时机 3️⃣  外资继续撤离本地科技板块（年初至今已流出 RM513M） 4️⃣  市场对“特朗普式强硬”仍存戒心 MoneyMaster 观察笔记 散户在捡便宜？  银行、AI概念成为关注热点 外资在防守中做对冲？  基建+物流或是看好政策红利 机构表现理性，边走边看 资金虽动荡，但信息已给足，接下来看谁能借势布局反弹！

Top picks: Gamuda, Sunway Construction, Binastra RHB Investment Bank has reaffirmed its  OVERWEIGHT  rating on Malaysia’s  construction sector , maintaining confidence despite potential US export restrictions on  AI chips  to Malaysia and Thailand. What's happening? The US is reportedly drafting a rule to curb AI chip shipments over concerns they may be rerouted to China. But the proposal: Is not finalized , and Includes a grace period  for US firms and allies to continue shipments without a licence. Why RHB remains positive: Strong pipeline  of  data centre (DC) projects  continues. Ongoing investment from global tech giants like  Google, AWS, Microsoft , and  Oracle  in Malaysia’s DC infrastructure. Possible exemptions for “ friendly nations ” and validated firms could soften any export ban impact. Key DC hotspots : Elmina Business Park Phase 2 Eco Business Park V, Puncak Alam Port Dickson (500–700MW capacity) Nilai (US-backe...

Financial Highlights 4QFY2024 net profit surged 26% YoY to RM335.47 million , driven by  strong contributions from construction, property development, and trading & manufacturing divisions . Quarterly revenue jumped 53% YoY to RM2.85 billion , up from RM1.87 billion in 4QFY2023. Earnings per share (EPS) rose to 5.03 sen, from 4.39 sen previously . Declared a second interim dividend of four sen per share , bringing the total FY2024 dividend to  six sen per share . Record-Breaking Full-Year Performance FY2024 net profit grew 56% YoY to RM1.15 billion , the  highest in three years . Annual revenue hit an all-time high of RM7.88 billion , marking a  28% increase from RM6.14 billion in FY2023 . Segment Performance (4QFY2024) 1. Property Development Revenue soared 63.4% YoY to RM809.6 million , driven by  higher sales and progress billings from local projects . Profit before tax (PBT) more than doubled to RM162.5 million  from RM69 million a year earlier. 2. ...

Wall Street closed higher  after  Trump unveiled a reciprocal tariff plan , boosting tech stocks like Nvidia, Apple, and Tesla. Meanwhile,  Malaysia’s FBM KLCI dropped 0.67%  below the key  1,600-point level  as market caution persisted. 📊 Wall Street Highlights 🔹  S&P 500:  6,115.07 (+1.04%) 🔹  Dow Jones:  44,711.43 (+0.77%) 🔹  Nasdaq Composite:  19,945.46 (+1.50%) 📌  Key Movers: Intel (INTC):  +7%, highest close YTD. Nvidia (NVDA):  Gained as HP Enterprise shipped Nvidia’s Blackwell AI system; earnings on Feb 26. Robinhood (HOOD):  +14% after earnings doubled estimates; revenue surged 115% y-o-y. Tesla (TSLA):  +5% on news of a  $400M State Dept. budget  for armored Cybertrucks. 📌  Tariff Impact:  Trump’s plan aims for  reciprocal tariffs , creating both optimism and caution in global markets. 🇲🇾 Bursa Malaysia Market Insight 🔹  FBM KLCI:  1,592.28 (-0.6...

 Here’s a recap of Monday’s corporate highlights: Sime Darby Property Bhd (KL:SIMEPROP) Data Centre Lease Agreement : Signed a 20-year lease worth up to RM5.6 billion with Pearl Computing Malaysia Sdn Bhd . Location : Facilities at Elmina Business Park , Klang Valley’s largest freehold industrial hub. Strategic Move : Boosts recurring income and investment and asset management (IAM) segment, which contributed 3% of RM3.27 billion revenue in the first nine months of 2024. Yinson Holdings Bhd (KL:YINSON) Joint Venture with PTSC : Secured a 10-year contract worth up to US$416 million (RM1.8 billion) for an FSO vessel in Vietnam. Timeline : Operations begin in 4Q 2026 , with options for a five-year extension. T7 Global Bhd (KL:T7GLOBAL) Pan-Malaysia Contract : Awarded a five-year MCM and HUC contract by Jadestone Energy for Package B3 , running until 2029 . Track Record : Third such contract for T7 Global, following previous awards from ExxonMobil and IPC Malaysia . Pesona Met...

Here’s a summary of key updates in Malaysia’s financial markets today: Top Highlights Maybank (1155.MY) : Reported a  7.6% increase  in  3Q2024 net profit  to  RM2.54 billion , driven by higher  non-interest income  despite a decline in  net interest income . The bank aims for a  11% ROE  for FY2024. Sunway (5211.MY) :  Net profit doubled  to  RM376.08 million  in 3Q2024, with a  31.8% increase  in revenue to  RM2.03 billion . IOI Corp (1961.MY) :  1Q2025 net profit surged 133.8%  to  RM710.7 million , boosted by  forex gains  and  biological asset adjustments . KLK (2445.MY) :  4Q2024 net profit dropped 94.18%  to  RM6.77 million , impacted by  inventory write-downs  and  investment losses  in Synthomer Plc. Airports (5014.MY) :  3Q2024 net profit more than doubled  to  RM210.37 million , driven by increased  passenger...